Microsoft Corp.: wave analysis
23 August 2018, 09:33
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 107.04 |
| Take Profit | 115.00, 119.00 |
| Stop Loss | 104.63 |
| Key Levels | 97.33, 104.63, 115.00, 119.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 104.55 |
| Take Profit | 97.33 |
| Stop Loss | 107.00 |
| Key Levels | 97.33, 104.63, 115.00, 119.00 |
The trend is upward.
On the 4-hour chart, the fifth wave v of 5 forms within the third wave (3) of the higher level. Now the third wave of the lower level (iii) of v has formed, and the local correction is ending as a wave (iv) of v. If the assumption is correct, after the end of the correction the price will grow to the levels of 115.00–119.00. The level of 104.63 is critical and stop loss for this scenario.
Main scenario
Long positions will become relevant during the correction, above the level of 104.63 with the targets at 115.00–119.00. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 104.63 will let the price go down to the level of 97.33.
On the 4-hour chart, the fifth wave v of 5 forms within the third wave (3) of the higher level. Now the third wave of the lower level (iii) of v has formed, and the local correction is ending as a wave (iv) of v. If the assumption is correct, after the end of the correction the price will grow to the levels of 115.00–119.00. The level of 104.63 is critical and stop loss for this scenario.
Main scenario
Long positions will become relevant during the correction, above the level of 104.63 with the targets at 115.00–119.00. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 104.63 will let the price go down to the level of 97.33.
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